Neda updates stakeholders on development plan in NorMin-A A +A
Thursday, April 17, 2014
THE National Economic and Development Authority (Neda) presented the updates on the Regional Development Plan (RDP) 2011-2016 of Northern Mindanao to the Multi-Stakeholder Advisory Committee (MSAC) through a quarter meeting on April 15.
“The focus of this Regional Development Plan is in ensuring the attainment of inclusive growth,” said Neda Senior Economic Development Specialist Peleta B. Abejo.
According to the report, Region 10 (Northern Mindanao) remains as the economic leader in Mindanao with the fastest average growth in Gross Regional Domestic Product (GRDP) at 5.8 percent for 10 years.
In the 4.6 percent decrease in unemployment rate in 2012, Neda estimates 48,000 new jobs, but emphasizing that the underemployment rate is still big.
Despite increase in economy, Region 10 still struggles in solving poverty as its rate is still high, declaring that the region’s goal in halving the poverty incidence rate by 2016 is unattainable.
Because of the Sendong and Pablo typhoon incidences, the region no longer claims itself as ‘typhoon free’ though emphasizing that it is still a strategic location with huge potentials for industrial development.
Abejo also presented the Strategic Development Areas of the region showing the development aspects of the region’s provinces in industrial, tourism, agribusiness and eco-cultural aspects.
According to Abejo, the development plan is prioritized in improving productivity and competitiveness, strengthening labor-intensive sectors, creating massive and decent jobs, diversifying industries & products and building a sound financial sector and promoting the strategic development areas of the region.
The MSAC is the policy-making and advisory unit of the Local Governance Resource Center (LGRC) in Northern Mindanao, as an arm of the Department of Interior and Local Government (DILG) in ensuring knowledge management in the area of local governance. (PIA)
Published in the Sun.Star Cagayan de Oro newspaper on April 17, 2014.